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seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. this is about squeezing the gap between the rich and the poor. if growth suffers, so be it. i mentioned this guy before. one of the biggest unions larry. he said in western europe, they may have higher unemployment but they have less inequality. this is what the agenda is all about. in a practical way, suppose you have a successful person. he or she want to build a house. to do that you might hire 15, 20, 25 people. you got a whole army of people who would go to work. but if you get taxed, you migh
-- in order for the white house to consider whatever -- think of it as a suggestion box for america. in order for the white house to consider your suggestion or comment there needs to be 25,000 people who have signed on. more than 75,000 people have signed on saying get rid of piers. >> there have been counter petitions as well, right? >> yes. actually, the best part about this -- i -- your heart goes out to poor piers. these are british citizens that have their petition saying we don't want piers to come back to the uk. quite a few british scitizens signed on saying we don't want him. please keep him in the united states and one of the petitions is actually directed towards the uk government saying should the united states decide to demr. morgan, they should reject the deportation. have him stay somewhere in the atlantic, let him hang out there. but -- >> you said you -- you feel bad for piers morgan. you never feel bad for anybody on tv. we all bring it on ourselves. okay. he brought it on himself. any response from him today as a result of all of this stuff? >> he has been on twitter pokin
their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see also a drastic reduction in the number of millionaires in the u.s. as a result of this tax cliff. robert frank joins us now with the details. good evening, robert. >> good evening. drastic is right. if we go over the cliff the wealthy will become less wealthy and fewer americans would become wealthy. the u.s. has around 5 million millionaires with a total wealth of $18.8 trillion. next year there are three possible scenarios all of them depend on the cliff. if we go over the live the population of millionaires would drop by 315,000. their fortunes would drop by $240 billion. if we get a deal but bad for the economy the millionaire population would drop by 26,000 millionaires. if we get a deal and the economy grows then millionaire
who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want
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Search Results 0 to 4 of about 5